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ARCHIVED  June 17, 1999

Former EFTC building may sit vacant awhile

GREELEY — It’s a Front Range anomaly: An 88,000-square-foot building in Greeley, set up for high-tech manufacturing and including 14,700 square feet of office space, sits empty.

The vacant building, formerly occupied by Electronic Fab Technology Corp., is on the block for $5 million, and the listing broker said he has had more than a few nibbles from high-tech manufacturers.

“We’ve been talking to one company in particular that is in the telecommunications manufacturing business,´ said Gene Goodstat, senior vice president for industrial services at the Denver-based Staubach Co.

“We’ve also had inquiries from another company who is looking to convert to office space.”

While not naming the electronics manufacturer that has expressed interest, Goodstat said the firm was interested principally because of its proximity to Hewlett-Packard.

“They fit into that category,” he said, referring to businesses that feed primarily on business relationships with Hewlett Packard.

The building, sandwiched between Hewlett Packard and the Boomerang Golf Course at 244 Dundee St., was built in 1994 and added to in 1998. EFTC vacated the property in April following a slowdown in the electronics business driven by the Asian economic slump.

“I’m sure we’ll have someone in there fairly soon,´ said Bill Argo, president and CEO of the Greeley/Weld Economic Development Action Partnership Inc.

“We’ve referred several people to Staubach,” Argo said. “There’s been nothing concrete, but I would think it could move pretty quickly.”

Fallout from the Asian financial crisis will probably keep the building on the market longer than it would have lasted there in 1998, he said.

“If we had had that building a year ago, it would have been gone in a couple of weeks,” Argo said.

Goodstat, who has listed the building since April, said the wait for a purchaser could be a long one.

“Average time on the market for a property like this is 12 months,” he said.

GREELEY — It’s a Front Range anomaly: An 88,000-square-foot building in Greeley, set up for high-tech manufacturing and including 14,700 square feet of office space, sits empty.

The vacant building, formerly occupied by Electronic Fab Technology Corp., is on the block for $5 million, and the listing broker said he has had more than a few nibbles from high-tech manufacturers.

“We’ve been talking to one company in particular that is in the telecommunications manufacturing business,´ said Gene Goodstat, senior vice president for industrial services at the Denver-based Staubach Co.

“We’ve also had inquiries from another company who is looking to convert to office…

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